Consumers underestimate the impact of credit scores, and a significant amount don't even know that credit scores are used by non-creditors.
Only half of consumers know that lenders are required to inform borrowers of their use of credit scores after a mortgage application, when not receiving the best terms on a loan, or whenever a consumer is denied a loan.
Not all consumers know which companies look at credit scores.
• 53% know that electric utilities may use credit scores
• 68% are aware that cell phone companies look at credit scores
• 66% know that credit scores may be used by home insurers
• 70% know that landlords check credit scores
Consumer Federation of America